In Paris Aftermath, EU Trains Sights on Bitcoin

European Union (EU) countries will seek a crackdown on bitcoin during crisis talks tomorrow, in the wake of last week’s Paris attacks, Reuters reports.
A draft document seen by Reuters said that EU member countries were planning to crack down on digital currencies and anonymous payment systems made via pre-paid cards in a bid to curb terrorism financing.
Earlier this week, the European Commission said that it was assessing whether bitcoin or any other digital currencies could serve to finance terrorist activity and money laundering as part of a new security report.
The news comes after a report published by the UK government last month deemed that digital currencies posed a “low” risk for both money laundering and terrorism financing.
Paris image via Shutterstock